Midea Group to merge with laundry machine maker Little Swan

Chinese electrical appliance manufacturer Midea Group is planning to issue shares to complete a merger with laundry equipment manufacturer Little Swan in a deal estimated to be worth 14.38 billion yuan(US$2.07 billion), Yicai.com reported.

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China's electronic giant to construct technology park in India

Midea Group, Chinese electrical appliance manufacturing company, has started construction of a Science and Technology Park in western India.

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Kingclean Electric to Build USD20 Million Home Appliance Factory in Vietnam

Chinese vacuum cleaner maker Kingclean Electric will invest USD20 million in the construction of a production base for home appliances in Vietnam through a wholly-owned unit as part of efforts to grow its presence overseas.

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Haier's D-shares start trading in Frankfurt

China's white goods manufacturer Qingdao Haier went public on Wednesday on China Europe International Exchange's D-Shares Market in Frankfurt, the first Chinese company to do so. Shares were listed in the Prime Standard, which is part of the EU-regulated market of the Frankfurt Stock Exchange, and...

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Haier expands Kentucky plant, adds 400 US jobs

Chinese electronics giant Haier Group has announced a $200 million expansion of its laundry and dishwashing manufacturing in Kentucky that will add 400 new jobs, and a $547 million acquisition of an appliance manufacturer in Italy to increase its market share in Italy...

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